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    240 Corporate Blvd Norfolk, VA 23502

    Sponsored
    For Lease
    $20 SF/Yr

    Executive Suites, Hampton Roads, VA

    Lot size:
    94,027 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Riverside Corporate Center offers exceptional Class A office space in the heart of Hampton Roads, Virginia. This single, four-story building boasts 94,027 square feet situated on 4.9 acres of land, providing ample parking and convenient access. Built in 1989, the property features a multiple tenancy structure with flexible suite sizes ranging from 1,000 to 20,000 square feet, catering to diverse business needs. Its prime location at the intersection of I-64 and I-264 ensures effortless commuting for employees and clients. The property benefits from excellent public transportation access, with immediate proximity to The Tide Light Rail at Military Highway Station and an HRT bus stop conveniently located nearby. Businesses will appreciate the abundance of nearby amenities, including a variety of restaurants and retail options. Furthermore, the property's strategic location places it near the Military Circle Mall, currently undergoing a significant mixed-use redevelopment project, promising future growth and enhanced surrounding infrastructure. This presents a unique opportunity to establish a presence in a thriving and dynamic business environment. The building's modern design and convenient location make it an ideal choice for businesses seeking a prestigious and functional workspace. Contact us today to explore available spaces and learn more about this exceptional property.

    Property Features for 240 Corporate Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    94,027 SF
    Class
    A
    Total Rate
    156711.67

    Building Details

    Year Built
    1989
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    2
    Size
    20,000 SF
    Rate per SF
    $20
    Space
    3
    Size
    15,000 SF
    Rate per SF
    $20
    Space
    1
    Size
    20,000 SF
    Rate per SF
    $20
    Space
    4
    Size
    18,000 SF
    Rate per SF
    $20

    HighLights

    • Class A, 94,027 square foot office building.
    • Single four‑story building on 4.9 acres.
    • Multiple suites available, ranging from 1,000 to 20,000 square feet.
    • Excellent location in Hampton Roads, at I‑64 and I‑264, with convenient access to public transportation.
    • Nearby amenities include restaurants, retail, and the Military Circle Mall redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    AtWork Personnel Temp Agency First Lab Medical Laboratory FHC Health Systems Mental Health Service J L Marshall ... Business Management Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.212333357652
    Latitude
    36.837020325565

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    FAQs

    What type of property is this?
    Office Property / Space - Executive Suites, Hampton Roads, VA
    Where is this office property / space located?
    The property is located at 240 Corporate Blvd Norfolk, VA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Class A, 94,027 square foot office building.; Single four-story building on 4.9 acres.; Multiple suites available, ranging from 1,000 to 20,000 square feet.
    Request Owner's contact information
    240 Corporate Blvd Norfolk, VA 23502
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    Norfolk, VA 23502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    240 Corporate Blvd Norfolk, VA 23502
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